A look at 1H'21 public capital markets activity among crypto companies and valuations across the crypto equity and governance token universe.
This company intelligence report on NYDIG is part of a new series produced by The Block Research to provide insights and due diligence on some of the leading companies in the digital asset ecosystem.
As covered in last year’s Summer of DeFi report, the outsized growth in volumes and capital flow (usage) of DeFi protocols helped to materialize protocol revenue (defined as revenue that is earned by both underlying protocol token holders and protocol liquidity providers) last summer (<$50 million across DeFi). 8 months and a bull market later […]
This report provides an introduction to the state of crypto credit markets, including a look at unique market structure characteristics that drive the supply and demand of crypto credit; and concludes with comments from various industry participants on the opportunities that remain within the broader crypto credit ecosystem.
A look at 2021 public capital markets activity among crypto companies and valuations across the crypto equity and governance token universe.
Here's how much stock Coinbase's largest shareholders sold last week
The Block details how many shares were sold last week by Coinbase insiders during its stock market debut.
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The Block Research quick takes from Coinbase's 1Q'21 Earnings Update
The crypto economy, while still emergent, is rapidly evolving in both size and scope. In the first two months of 2021 there has been more than $2 trillion worth of crypto-asset trading volume, ~$700 billion worth of dollar-denominated transaction volume on public blockchain networks, and more than ~$500 million in sales volume of digital token-based […]
As pointed out in last week’s coverage of Coinbase’s S-1, the crypto-economy is roaring. In the past 30 days alone, there have been more than a trillion dollars worth of crypto-asset trading volume, $400 billion worth of stablecoin transaction volume on public blockchain networks, ~$100 billion in trading volume on smart-contract based decentralized exchanges, $250 million sales volume […]
The Block Research Coinbase S-1 filing notes
A big focus for this column is to address developments that bleed across crypto, capital markets, and broader fintech: exploring in a research-driven way, the specific news stories and real-world examples that showcase how digital assets and open finance primitives could impact both monetary and payment systems, as well as broader capital markets. It’s easy […]
What we took away from MicroStrategy's historic bitcoin summit for corporates interested in investing in Bitcoin as a treasury asset.
This intelligence research report on BlockFi provides an in-depth look at the company, business model, and broader industry outlook it operates within.
Bakkt to Frothy Markets “We’re not crazy… We didn’t lose our minds.” Those were the fighting words Intercontinental Exchange (ICE) CEO Jeff Sprecher dealt out on last year’s earnings call when discussing the idea of pivoting Bakkt to a global exchange for airline miles, loyalty points, and “swords and sickles” from video games. “We know […]
The Block Research 2021 Analyst Call - Video Recording and Slides
Each month The Block Research hosts a private analyst call for its research members. To kick off the new year, we opened the call publicly for the first time. The call explored key takeaways from The Block’s 2021 Digital Asset Outlook Report and an open Q&A section. Topics included: State of the Market 2021 DeFi […]
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7 days into 2021 and it has already been a year of firsts for crypto. Headlined by the total market value of all outstanding digital assets clearing more than a trillion dollars for the first time ever, several crypto metrics are now (again) measured in the trillions — including annual on-chain transaction volumes of stablecoins, […]
2021 here we come. This week officially marks my second full year at The Block, and in terms of writing the weekly Interchange column, I’m closing in on issue #80. A big focus for this column this year was to address developments that bleed across crypto, capital markets, and broader fintech; exploring in […]
In The Block’s 2020 Research Outlook, the rise of ‘crypto rewards cards’ was one of a handful of thematic trends presented to watch for in 2020, with the expectation for both BlockFi and Fold to launch respective bitcoin credit, and bitcoin debit card rewards, respectively. From the report: [We expect] the bitcoin rewards space to be […]
Even after covering banking and payment developments for now nearly two years at The Block, I’m still amazed at just how rapidly everything is coming together around building market structure and financial services for digital assets. Take this table, highlighting a year full of major developments across financial services and fintechs accelerating strategic desires to […]
Visa often notes a core strategic priority of the company is to be a network of networks. News this week that Visa will be powering BlockFi’s long-awaited bitcoin rewards credit card and integrating Circle APIs to support USDC for B2B (business-to-business) transactions only further accentuates the desire the company has placed this year on making […]